Koppers Performance Chemicals Enters into Sales Arrangement for Fire Retardant Product
Pittsburgh, Jan. 9, 2019 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced that its Performance Chemicals business has entered into a sales arrangement to supply FlamePRO® to Biewer Lumber. Supply will begin effective immediately and is estimated to generate sales of approximately $10 million over a two-year period, with the potential to extend for an additional 12 months.
"Koppers is excited about the opportunities to grow in our select markets related to our fire-retardant product. We introduced FlamePRO® in September 2018 for wood-based construction applications and we are pleased that it is being recognized as a premier solution in the marketplace," said Koppers Performance Chemicals Senior Vice President Doug Fenwick.
Commenting on the partnership, Biewer Lumber Vice President Doug O'Rourke said, "Biewer Lumber's long-standing history with Koppers has remained unwavering over the years. With the introduction of FlamePRO® into their portfolio, we felt that we could strengthen our position in the market with their partnership."
As previously announced, FlamePRO® serves a growing addressable market that is currently estimated at $60 millionto $80 million in the United States. For more information, visit http://kopperspc.com/flamepro/.
About Koppers
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. Our products and services are used in a variety of niche applications in a diverse range of end-markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. Including our joint ventures, we serve our customers through a comprehensive global manufacturing and distribution network, with facilities located in North America, South America, Australasia, Chinaand Europe. The stock of Koppers Holdings Inc. is publicly traded on the New York Stock Exchange under the symbol "KOP." For more information, visit us on the Web: www.koppers.com. Questions concerning investor relations should be directed to Michael J. Zugay at 412-227-2231 or Quynh McGuire at 412- 227-2049.
About Biewer Lumber
Headquartered in St. Clair, Michigan, Biewer Lumber's current operating structure includes five sawmills, three pressure-treating plants and a full-service Logistics fleet. Biewer Lumber manufactures and distributes lumber and building materials for use by contractors, builders, and do-it-yourselfers. Biewer customers include retail lumber yards, home centers, and manufacturers throughout the U.S. and parts of Canada.
For Information:
Michael J. Zugay
Chief Financial Officer
412-227-2231
Source Koppers Holdings Inc.
Web Site: http://www.koppers.com
